Cairo – Mubasher: Emaar Misr for Development posted on Wednesday a year-on-year rise of 72% in its profits for the first quarter of fiscal year 2017.
Net profit for Q1-17 amounted to EGP 437.9 million, compared to EGP 254.48 million for Q1-16, according to a bourse filing.
Revenues for the first three months of FY17 increased to EGP 668.69 million from EGP 597.42 million for the same period of FY16.
The stock rose on Monday by 0.41% to EGP 2.42.
